Turkish renewable company NeSa Energy has concluded an agreement with the Bogdanci municipality in Macedonia for the construction of a wind farm in the region.
The proposed 110MW wind farm will comprise of 44 turbines and require €130m in investment.
NeSa has proposed to commence construction of the farm in July 2013, reported Bloomberg.
The company is currently engaged in discussions with various financial groups to secure necessary funding for the project, Nesa owner Ali Samra told the news agency.
The facility will also receive preferential rates for producing clean power, added Samra.
The wind farm will contribute to Macedonia plans to increase the share of renewable energy to 21%of its energy mix by the year 2020.